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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 29, 1999
Teledyne Technologies Incorporated
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(Exact name of registrant as specified in its charter)
Delaware 1-15295 25-1843385
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
2049 Century Park East, Los Angeles, California 90067-3101
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code:(310) 277-3311
Page 1 of 5 pages.
Exhibit Index on page 5.
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Item 5. Other Events.
On November 29, 1999, Allegheny Teledyne Incorporated, a
Delaware corporation ("ATI"), distributed all of the common stock of Teledyne
Technologies Incorporated, a Delaware corporation (the "Company"), to the
stockholders of ATI in a tax-free transaction. An aggregate of 26,603,102 shares
of common stock, par value $.01, of the Company (the "Company Common Stock")
were distributed in the transaction.
The Company is comprised of certain businesses in the former
Aerospace and Electronics segment of ATI. An Information Statement with respect
to the distribution of the Company Common Stock was mailed to each ATI
stockholder of record as of November 22, 1999. As a result of the distribution
of the Company Common Stock, the Company is a separate publicly-traded company
and the Company Common Stock trades on the New York Stock Exchange under the
symbol "TDY".
Item 7. Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired
None.
(b) Pro forma Financial Information
None.
(c) Exhibits
2.1 Separation and Distribution Agreement by and among Allegheny
Teledyne Incorporated, TDY Holdings, LLC, Teledyne Industries,
Inc. and Teledyne Technologies Incorporated
4.1 Rights Agreement between Teledyne Technologies Incorporated and
ChaseMellon Shareholder Services, L.L.C.
10.1 Tax Sharing and Indemnification Agreement between Allegheny
Teledyne Incorporated and Teledyne Technologies Incorporated
Page 2 of 5 pages.
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10.2 Interim Services Agreement between Allegheny Teledyne Incorporated
and Teledyne Technologies Incorporated
10.3 Employee Benefits Agreement between Allegheny Teledyne
Incorporated and Teledyne Technologies Incorporated
10.4 Trademark License Agreement between Allegheny Teledyne
Incorporated and Teledyne Technologies Incorporated
Page 3 of 5 pages.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Teledyne Technologies Incorporated
(Registrant)
Date: November 30, 1999 By: /s/ John T. Kuelbs
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John T. Kuelbs
Senior Vice President,
General Counsel and Secretary
Page 4 of 5 pages.
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EXHIBIT INDEX
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2.1 Separation and Distribution Agreement by and among Allegheny
Teledyne Incorporated, TDY Holdings, LLC, Teledyne Industries,
Inc. and Teledyne Technologies Incorporated
4.1 Rights Agreement between Teledyne Technologies Incorporated and
ChaseMellon Shareholder Services, L.L.C.
10.1 Tax Sharing and Indemnification Agreement between Allegheny
Teledyne Incorporated and Teledyne Technologies Incorporated
10.2 Interim Services Agreement between Allegheny Teledyne Incorporated
and Teledyne Technologies Incorporated
10.3 Employee Benefits Agreement between Allegheny Teledyne
Incorporated and Teledyne Technologies Incorporated
10.4 Trademark License Agreement between Allegheny Teledyne
Incorporated and Teledyne Technologies Incorporated
Page 5 of 5 pages.